TLDR:
Key Points:
- Kaya Founders concluded the second close of its two latest funds to support tech startups in Southeast Asia, with a total capital of $18 million.
- The funding round saw participation from Pavilion Capital, Concentric Equity Partners, and Gabriel and Geraldine Sunshine.
Philippines-based venture capital firm, Kaya Founders, has recently secured $18 million in funding to support tech startups in Southeast Asia. The new funds, named ‘Zero to One’ and ‘One to Ten,’ aim to nurture early-stage startups and support 30 to 40 ventures over the next four years. The firm’s diverse portfolio includes investments in various sectors such as eCommerce, software, healthcare, and financial services.
Led by prominent figures, Kaya Founders focuses on helping tech-enabled startups in the Philippines and Southeast Asia. Some notable investments include Etaily’s $17.8 million Series A funding round and Locad’s $11 million Series A round. The firm is also involved in initiatives addressing challenges like financial inclusion, climate change, and healthcare accessibility.
Through strategic partnerships and investments, Kaya Founders envisions a future where the Philippines emerges as a hub of technological innovation. The firm’s recent appointment as a co-investment partner of the Startup Venture Fund aims to address funding gaps for local startups. Despite challenges in accessing capital, Kaya Founders aims to empower startups in Southeast Asia’s tech scene and stimulate investment in the Philippine market.
In light of the 2023 Philippine Startup Ecosystem Report, which showed a decline in startup funding, Kaya Founders’ funding boost comes at a crucial time. By leveraging their funds and partnerships, the firm aims to drive investment in the region and support the growth of the tech ecosystem in Southeast Asia.
